Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million

U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million

CryptodnesCryptodnes2024/09/06 12:03
By:Cryptodnes

On Thursday, U.S. spot Bitcoin ETFs saw significant withdrawals, totaling $211.15 million, marking a week-long trend of outflows.

Fidelity’s FBTC led with $149.49 million in withdrawals, followed by Bitwise’s BITB, which lost $30 million. Grayscale’s GBTC and mini trust also saw declines of $23.22 million and $8.45 million, respectively.

 

No funds saw gains, while others, including BlackRock’s IBIT, recorded no activity. Trading volumes across 12 ETFs dropped to $1.35 billion, continuing the downward trend.

In the Ethereum  ETF space, movements were minimal with $152,720 in outflows. Grayscale’s ETHE lost $7.39 million, but its Ethereum Mini Trust gained $7.24 million.

Other Ethereum ETFs showed no change, and trading volumes decreased to $108.59 million. Since launching, these Ethereum funds have experienced $562.31 million in outflows.

As markets await U.S. non-farm payroll data, experts suggest that a moderately weak report could ease concerns about economic growth and benefit both stocks and Bitcoin .

 

 
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

No wonder Buffett finally bet on Google

Google holds the entire chain in its own hands. It does not rely on Nvidia and possesses efficient, low-cost computational sovereignty.

深潮2025/11/29 05:56
No wonder Buffett finally bet on Google